Local list prices increase, Realtors report

While the national number is down slightly, the median list price of homes for sale is up 3.73 percent in Sarasota-Bradenton and 11.17 percent in the Punta Gorda-Charlotte County markets from a year ago, according to the National Association of Realtors.

The Punta Gorda median is $199,000, which means half of the homes in the Multiple Listing Service are priced higher and half are bpriced loser.

In Sarasota, the median is $250,000. The national median is $187,900, down 0.05 percent from a year ago.

Meanwhile, inventories of homes listed for sale by Realtors continue to shrink. The Punta Gorda market has 2,330 houses and condos listed by Realtors, a 19 percent drop from a year ago but a 5.21 percent increase from the previous month. Sarasota-Bradenton’s 6,640 listings represents a 20.25 percent year-over-year decline but is 1.44 percent more than the previous month, as high season heats up the market.

Days-on-market, the time it takes listings to sell, is down by 22 percent in both local markets and 9 percent nationally.

Harold Bubil

Harold Bubil is real estate editor of the Herald-Tribune Media Group.
Born in Newport, R.I., his family moved to Sarasota in 1958. Harold graduated from Sarasota High School in 1970 and the University of Florida in 1974 with a degree in journalism. For the Herald-Tribune, he writes and edits stories about residential real estate, architecture, green building and local development history. He also is a photographer and public speaker. Harold is the recipient of the 2015 Bob Graham Architectural Awareness Award from the American Institute of Architects/Florida-Caribbean. Contact him via email, or at (941) 361-4805.

Last modified: January 17, 2013
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